Hello, I am considering selling a patent.
How do the Legal Fees in these situations work? I will need an Attorney/Law Firm to write the Terms of Sale and Negotiate Final Numbers.
I already have a Law Firm in mind - and, they're pretty well respected - How do Large Law Firms get paid in these situations (generally, if possible) -- Do they take a percentage of the sale price? If so, how much? Or, it is usually a standard fee?
I know I will get killed in taxes (unless I use tax shelters, IRA's, etc.) and I just would like to know what the Attorneys' Fees will be. Like I said, I have a good law firm in mind so I won't mind paying their fees, but, still, I would like to have an educated guess, if possible. My patent is looking to sell for between $25M-$30M, plus/minus Terms and Conditions, if that is any help.